February 4, 1988

 

SALT LAKE CITY COUNCIL

AGENDA

CITY COUNCIL CONFERENCE ROOM

SUITE 300, CITY HALL

324 SOUTH STATE STREET

 

Thursday, February 4, 1988

5:00 p.m.

 

F.          UNFINISHED COUNCIL BUSINESS:

 

1.    Municipal Building Authority, Lease Revenue Bonds.

Consider adopting a resolution of the Board of Trustees of the Municipal Building Authority of Salt Lake City, Salt Lake County, Utah, authorizing the issuance and sale of Lease Revenue Bonds, Series 1988, in an aggregate principal amount not exceeding $20,000,000 to be dated February 1, 1988; authorizing the execution and delivery of an Indenture of Trust, a Master Lease Agreement, certain Assignment Agreements and certain Collateral Assignment Agreements, an Equipment Acquisition Agreement, an Acquisition Projects Agency Agreement, a Mortgage, a Street Lighting Facilities Security Agreement, an Arbitrage Regulation Agreement, a Bond Purchase Agreement and other agreements and documents required in connection therewith; ratifying the distribution of a Preliminary Official Statement relating to such Bonds and authorizing the preparation and distribution of a final Official Statement relating to such Bonds; and authorizing the taking of all other actions necessary to the consummation of the transactions contemplated by such resolution.

(Q 87-11)

 

                        Staff Recommendation:         Adopt motion adjourning

                                        as City Council and convening as the

                                        Municipal Building Authority Board.  Adopt

                                        Resolution.  Adopt motion adjourning as

                                        Municipal Building Authority Board and

                                        reconvening as City Council.

 

2.    Lease Revenue Bonds.

Consider adopting a resolution authorizing the issuance by the Municipal Building Authority of Salt Lake City, Salt Lake County, Utah Lease Revenue Bonds, Series 1988, in an aggregate principal amount not exceeding $20,000,000 to be dated February 1, 1988 and approving the terms of said bonds; authorizing the execution and delivery of a Master Lease Agreement, certain Assignment Agreements, an Equipment Acquisition Agreement, an Acquisition Projects Agency Agreement, an Arbitrage Regulation Agreement, a Bond Purchase Agreement and other agreements and documents required in connection therewith; approving the forms, terms and provisions of an Indenture of Trust, certain Collateral Assignment Agreements, a Mortgage and a Street Lighting Facilities Security Agreement; and authorizing the taking of all other actions necessary to the consummation of the transactions contemplated by such resolution.

(Q 87-11)

 

                        Staff Recommendation:         Adopt.

 

H.          ADJOURNMENT: